Market Movers, July.09

7:19am IPOA up 7.11% on 2,000 shares traded after announcing merger with Virgin Galactic to create the first publicly traded space tourism company is history. Read more

 7:25am, Dow futures down 93 points

7:33am, “Altimmune Signs Definitive Agreement to Acquire Spitfire Pharma, Inc.”, up 22% on 315,980 shares traded, Read more

Powell set to testify in front of the House Financial Services Committee on Wednesday

8:06am, OrganiGram up 5% on 27,315 shares traded after reporting positive developments with regard to their cannabis edibles products. Read more

ElectraMeccanica initiated at Roth Capital with a Buy rating and a price target of $7.50 CAD, reports. Currently up 15% on 29,047 shares traded as of 8:16am

“Check-Cap Announces Positive Final Results from its Post-CE Approval Study of the C-Scan® System”, up 21.5% on 423,461 shares traded as of 8:18am, Read more

 8:20am, Deutsche Bank AG down 2.9% on 255,594 shares traded as the struggling European lender goes through restructuring, Read more

“Cisco to buy supplier Acacia for $2.6B”, up 36% on 392,267 shares traded as of 8:31am, Seekingalpha reports

 8:44am, CEI up 26% on 374,211 after effecting a 1-25 reverse split yesterday. There is now only 1 840 464 shares outstanding, which is very low. Will have to look into their debt situation because there could be some note holders that might be looking to convert on any big upticks.

8:57am, SOLY down 7.3% on 143,822 shares traded after going up as much as 60% yesterday

11:50am, TEUM slowly creeped up today, currently up 14% on 3,472,981 shares traded

Raymond James analyst upgrades Square Inc to Market Perform, up 4% as of 2:14am on 16,604,271 shares traded. Link

Closing prices today. Dow finished red because of 3M. Read more

Stay tuned for updates!

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